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US CPI data released,

Core inflation monthly rate exceeded expectations,

After the CPI data was released,

Traders adjusted their expectations for the Fed's rate cut,

Overall and core inflation annual rates were in line with expectations,

Core inflation monthly rate rose,

Traders cut their bets on the Fed's rate cut,

Data supports the Fed's 25 basis point rate cut next week,

Ruling out the possibility of a 50 basis point rate cut.

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